Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
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In export valuation under Section 14, the transaction value is the primary measure and Customs Valuation Rules (CVR, 2007) must be applied sequentially; the Revenue bears the burden to displace a declared invoice value. The tribunal found the department bypassed the sequential Rules and improperly relied on a market survey that compared manufacturers' prices to a trader's procurement cost, rendering the comparison and re-determined per unit valuation (with an added notional 10% profit) incorrect and unsupported by law. Because the Revenue failed to justify reassessment, the appeals were dismissed and the seized goods were directed to be released following upload of the order.
In export valuation under Section 14, the transaction value is the primary measure and Customs Valuation Rules (CVR, 2007) must be applied sequentially; the Revenue bears the burden to displace a declared invoice value. The tribunal found the department bypassed the sequential Rules and improperly relied on a market survey that compared manufacturers' prices to a trader's procurement cost, rendering the comparison and re-determined per unit valuation (with an added notional 10% profit) incorrect and unsupported by law. Because the Revenue failed to justify reassessment, the appeals were dismissed and the seized goods were directed to be released following upload of the order.
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